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How to stop the paper chase in your construction firm

10/28/2014 at 9:57 am by

A colleague recently shared a story of when the construction company he worked for suddenly found itself in the middle of a law suit. Like many businesses, his company handled a lot of paper every day–everything from contracts, to change orders, to AP checks. The reality of all that paper hit home when the company was…

What contract mistakes are jeopardizing your project success

10/24/2014 at 2:27 pm by

Nine times out of ten, success or failure to meet anticipated project budgets, schedules, and quality can be traced back to the very beginning—when you signed the contract. Contracts are critical. You have a lot at stake when putting pen to paper, especially if your customer is requiring you to provide performance and payment bonds….

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How to prepare if your top estimator walks out the door

10/21/2014 at 4:01 pm by

Over the years I’ve heard stories of top-notch estimators whose knowledge and strong bid-hit ratios went with them when they left a company. For those left behind, finding and training another estimator took time—something many contractors don’t have when they’re trying to keep a pipeline full. One way many contractors prepare for this type of…

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Are you an industry leader or a follower?

10/17/2014 at 10:01 am by

What do top-performing architectural, engineering, and construction (AEC) firms have in common compared to other industry companies? Technology researchers Kevin Prouty and Nick Castellina of the Aberdeen Group recently set out to answer this question in their new report “Improving profit margins in AEC.” The report is based on Aberdeen’s 2014 Project and Portfolio Management…

Women in construction have come a long way. Or have they?

10/15/2014 at 10:13 am by

Twenty-five years ago this October, the Women’s Business Ownership Act of 1988 was signed, providing greater opportunities for women entrepreneurs to access counseling and training, capital, and contracts. Today more women than ever are opening their own businesses—and growing them.  Does this also hold true for women in construction? Yes, according to a 2013 article…

One reason you should take another look at your estimating spreadsheet

10/9/2014 at 8:39 am by

Last year I ran across an article in MarketWatch stating that 88% of spreadsheets have errors! As an avid spreadsheet user, I was a bit stunned by that stat. To catch these errors, experts recommend people take more safeguards like peer review and the use of software tools that can point out a spreadsheet’s structural…

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